Russian Reconciliation center delivers over 150 tonnes of humanitarian cargo to AleppoRussian Politics & Diplomacy December 04, 7:46
Rally dedicated to Fidel Castro ends in Santiago de CubaWorld December 04, 6:43
Raul Castro says no streets will be named after FidelWorld December 04, 5:38
Cuban TV host says Fidel Castro admired Russian peopleWorld December 04, 5:17
Voting gets underway in Uzbekistan to elect new presidentWorld December 04, 4:41
Mass rally in memory of Fidel Castro begins in Santiago de CubaWorld December 04, 3:32
Patriarch Kirill urges compatriots to cherish spiritual ties with homelandSociety & Culture December 04, 2:40
Fidel Castro’s funeral to be held in Santiago de CubaWorld December 04, 1:50
38 ceasefire violations by militants reported in Syria in 24 hoursRussian Politics & Diplomacy December 04, 1:23
MOSCOW, June 22. /TASS/. Russian oil major Lukoil continues talks with South Korean agencies about possible fundraising for projects in Uzbekistan, the company’s vice-president Alexander Matytsyn told reporters.
According to him, the total value of the contract is $2 billion but it has not been defined yet what part of this amount can be financed.
"The work is underway with the South Korean export credit agency, it may be quasi project funding, so as not to distract the company's resources," he said.
Matytsyn added that the provisions the agreement regarding the production sharing were improved, which increased its profitability, so they don’t expect any problems with funding.
He said that the conditions for attracting loans in Asian banks are not less attractive than in Europe and America and Lukoil may use them.
Since 2004, Lukoil together with the Uzbekneftegaz company has been developing the Kandym project The Kandym group includes six gas condensate fields: Kandym, Kuvachi-Alat, Akkum, Parsankul, Khoji and Western Khoji.
Top management of Lukoil already reported that Chinese companies are interested in buying 30% of the Kandym project.